Vontobel Holding Ltd. Sells 6,442 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Vontobel Holding Ltd. lessened its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 17.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,510 shares of the company’s stock after selling 6,442 shares during the period. Vontobel Holding Ltd.’s holdings in Peloton Interactive were worth $180,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Peloton Interactive by 0.8% in the third quarter. Vanguard Group Inc. now owns 29,603,777 shares of the company’s stock worth $149,499,000 after purchasing an additional 248,314 shares during the period. DNB Asset Management AS grew its holdings in Peloton Interactive by 31.7% in the fourth quarter. DNB Asset Management AS now owns 8,386,903 shares of the company’s stock worth $51,076,000 after purchasing an additional 2,020,159 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Peloton Interactive by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,232,786 shares of the company’s stock worth $11,276,000 after purchasing an additional 234,729 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Peloton Interactive by 54.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,259,844 shares of the company’s stock worth $6,362,000 after purchasing an additional 444,566 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Peloton Interactive by 612.1% in the third quarter. AQR Capital Management LLC now owns 1,235,350 shares of the company’s stock worth $6,239,000 after purchasing an additional 1,061,868 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on PTON shares. JPMorgan Chase & Co. reduced their price target on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. Telsey Advisory Group reduced their price objective on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Friday, February 2nd. The Goldman Sachs Group reduced their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Friday, February 2nd. Truist Financial reduced their price objective on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Finally, Morgan Stanley assumed coverage on shares of Peloton Interactive in a report on Monday, March 11th. They set an “equal weight” rating and a $3.00 price objective for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Peloton Interactive Stock Down 2.2 %

PTON opened at $3.06 on Thursday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -1.25 and a beta of 1.96. Peloton Interactive, Inc. has a twelve month low of $2.92 and a twelve month high of $9.87. The company’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $4.96.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to analysts’ expectations of $733.17 million. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.98) earnings per share. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -1.6 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at approximately $453,217.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Boone sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the sale, the director now owns 34,966 shares in the company, valued at $151,402.78. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.